After a positive opening, shares of the steel major further gained 2.55 percent to Rs 463.70 - its 52-week high on the BSE.

At the NSE, the scrip went up by 2.56 percent to touch its one-year peak of Rs 463.95.

Tata Steel had on Wednesday reported a consolidated net profit of Rs 1,036 crore for Q4, 2013-14 fiscal on the back of higher sales and margin improvement in domestic operations, coupled with an uptick in its European operations.

The company had reported a loss of Rs 6,529 crore in the same period of previous fiscal due to impairment charges.

Revenues during the January-March quarter stood at Rs 42,428 crore, up 22.5 percent over the corresponding period a year ago.